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Enabler Alert! Brother has 0% financing!

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  • Mchelem
    replied
    Re: Enabler Alert! Brother has 0% financing!

    Originally posted by Cat n bull View Post
    I have had GE Home Designs for years, and have never had ANY of these issues. When you pay online, it IS your responsibility to understand the processing time. Some places have instant payment credited, some places have a few days wait. Just like if you pay by mail, it is YOUR responsibility to understand how long it will take to process your check. You agreed to have the payment CLEARED by the due date.

    This is not new, or unique to GE. This is the way ALL billing works! If you know this particular one has a 28 day billing cycle, then there are NO surprises.

    Of course everyone should read what they are signing and UNDERSTAND it before they take the money from the company.
    Me either. My statement due date never changes and my balance has no interest on it. I got 36 months 0% interest on my initial purchase of my husqvarna sewing machine! and we actually use their (GE) care credit card for medical purposes (deductible and large copay amounts) and get 0% interest in it as well,

    Leave a comment:


  • Quiltfreestyle
    replied
    Re: Enabler Alert! Brother has 0% financing!

    I got the zero interest financing with GE on my Babylock Crown Jewel. I set the account up online & also set up auto-debit from my savings account, cuz I knew I would always have enough there to cover the payment, so they are never late. I did that so I wouldn't have to worry about the post office being late with a payment. They also have the option for you to pay monthly online, rather than auto-debit if you like.
    It was worth it to me to get the longarm & not have to worry about penalties & interest charges.

    Leave a comment:


  • Genny
    replied
    Re: Enabler Alert! Brother has 0% financing!

    Originally posted by Cat n bull View Post
    Just curious, what penalties are there through your bank if you don't pay as agreed?
    The good thing about living in a small town and getting a personal loan thru your bank that you've been banking with for over 30 years is that the bank will go along with you if you're a few days late on your payment without any interest hike penalties...that being said, my payment is automatically taken out of my checking account on the 15th of every month so it's never late.

    Leave a comment:


  • Cat n bull
    replied
    Re: Enabler Alert! Brother has 0% financing!

    Originally posted by Jean Sewing Machine View Post
    I got a Janome 8900 to replace a 7700. I have the sewing table that fit the Janome 7700, the 8900 has the same footprint, and no big learning curve, but has some good updated features. Plus I got a great trade in ( my 7700 had a dead motherboard!) and a great price to start with on the 8900, which had been purchased by the dealer for a class at a trade show, he wanted to unload it! It had about of 6 hours of use. I just went for it, rather than change brands. He also sells Pfaffs, I would have made that change if the good deal on the Janome wouldn't have presented itself. The new Janome was priced where I wanted to be for an upgrade. I assume ( with no information at all!) that I would have paid a lot more for a new Pfaff.

    Enjoy your new Pfaff!
    You can get some GREAT deals on trade show machines!

    Too hard to say about prices on Pfaff's, all depends on what you want! But I have heard stellar things about the 8900, sweet machine!

    Enjoy yours too! I am so anxious to get my new boy. Always taking a chance on a vintage machine bought online! Keeping my fingers crossed the seller comes through.

    Leave a comment:


  • Jean Sewing Machine
    replied
    Re: Enabler Alert! Brother has 0% financing!

    Originally posted by Cat n bull View Post
    So, what machine did you get!

    I just added a new machine to my herd. A Pfaff 130! I am so excited, he is going to arrive today!!
    I got a Janome 8900 to replace a 7700. I have the sewing table that fit the Janome 7700, the 8900 has the same footprint, and no big learning curve, but has some good updated features. Plus I got a great trade in ( my 7700 had a dead motherboard!) and a great price to start with on the 8900, which had been purchased by the dealer for a class at a trade show, he wanted to unload it! It had about of 6 hours of use. I just went for it, rather than change brands. He also sells Pfaffs, I would have made that change if the good deal on the Janome wouldn't have presented itself. The new Janome was priced where I wanted to be for an upgrade. I assume ( with no information at all!) that I would have paid a lot more for a new Pfaff.

    Enjoy your new Pfaff!

    Leave a comment:


  • Cat n bull
    replied
    Re: Enabler Alert! Brother has 0% financing!

    Originally posted by Jean Sewing Machine View Post
    Well, can't say I could quote the precise details, but it was my understanding that you would pay a late fee and the balance would immediately go to a revolving charge with the balance due the next billing cycle, with the interest rate at 22%-28% applied if you chose not to pay the full balance due.

    Mostly, I was always worried about the last payment, making sure I paid the complete payment down to the last penny, so I wouldn't have a balance due. Just finished paying off the AC this month-that was a 12 month deal through a local bank, and it isn't up till June. Glad to get that off my plate, since I just bought a sewing machine under the GE deal.

    Same as any credit card deal, so I try to pay my balance each month!
    So, what machine did you get!

    I just added a new machine to my herd. A Pfaff 130! I am so excited, he is going to arrive today!!

    Edit:

    OOPS! Got so excited about machines I forgot!

    ANY time someone borrows money, it is in their best interests to follow their end of the agreement!

    Leave a comment:


  • Jean Sewing Machine
    replied
    Re: Enabler Alert! Brother has 0% financing!

    Originally posted by Cat n bull View Post
    Just curious, what penalties are there through your bank if you don't pay as agreed?
    Well, can't say I could quote the precise details, but it was my understanding that you would pay a late fee and the balance would immediately go to a revolving charge with the balance due the next billing cycle, with the interest rate at 22%-28% applied if you chose not to pay the full balance due.

    Mostly, I was always worried about the last payment, making sure I paid the complete payment down to the last penny, so I wouldn't have a balance due. Just finished paying off the AC this month-that was a 12 month deal through a local bank, and it isn't up till June. Glad to get that off my plate, since I just bought a sewing machine under the GE deal.

    Same as any credit card deal, so I try to pay my balance each month!
    Last edited by Jean Sewing Machine; March 13, 2014, 09:03 AM.

    Leave a comment:


  • Cat n bull
    replied
    Re: Enabler Alert! Brother has 0% financing!

    Originally posted by Genny View Post
    When I purchased my last high ticket machine I went to our bank and got a personal loan with 4.99 percent interest. For me it seemed much safer then taking the chance of paying 28 percent interest. This may not work for everyone...but it worked for me.
    Just curious, what penalties are there through your bank if you don't pay as agreed?

    Leave a comment:


  • Genny
    replied
    Re: Enabler Alert! Brother has 0% financing!

    When I purchased my last high ticket machine I went to our bank and got a personal loan with 4.99 percent interest. For me it seemed much safer then taking the chance of paying 28 percent interest. This may not work for everyone...but it worked for me.

    Leave a comment:


  • Cat n bull
    replied
    Re: Enabler Alert! Brother has 0% financing!

    Originally posted by Jean Sewing Machine View Post
    Well thanks Fabriclover for the heads up, I will read my agreement. Like I said, I've financed 4 machines through them and I guess I was lucky not to get dinged. I have done the same with Apple products and Carrier AC units( different lenders), always with the understanding that if I missed a payment, it would all go to full 28% ( or whatever % rate). I try to pay with a week or more to spare, so as I said, I guess I've just lucked out not to have the full amount due because of a late payment.

    You can always just pay the whole thing off to avoid the finance charge if you get into this situation. Not so easy if it is a $27,000 machine!
    If you pay late, you are lucky to just get the finance charges added back in, and not also get hit with a penalty rate!

    I do understand that sometimes stuff happens. But it is not some big surprise that finance companies expect you to pay your bill by the due date! WHAT company only has the due date as an arbitrary date anyways????

    Leave a comment:


  • Cat n bull
    replied
    Re: Enabler Alert! Brother has 0% financing!

    Originally posted by Fabriclovr View Post
    [COLOR=#666666] No interest will be charged on promo purchase and equal monthly payments are required equal to 1/36 of initial promo purchase amount until promo is paid in full. The equal monthly payment will be rounded to the next highest whole dollar and may be higher than the minimum payment that would be required if the purchase was a non-promotional purchase. Regular account terms apply to non-promotional purchases.
    This is saying that for these particular machines, you divide the purchase price by 36, and pay that minimum every month to still qualify for the deal.

    If you deafult on your end of the agreement, you will no longer be eligible for the deal.

    If you already have a GE card, your interest rate on NON-PROMO purchases is per your already existing agreement.

    If you are getting a NEW account for this promo, your interest on NON-PROMO purchases is 29.9%.

    So, best to take advantage of the promotion and only pay for the machine, not interest!

    Leave a comment:


  • Jean Sewing Machine
    replied
    Re: Enabler Alert! Brother has 0% financing!

    Well thanks Fabriclover for the heads up, I will read my agreement. Like I said, I've financed 4 machines through them and I guess I was lucky not to get dinged. I have done the same with Apple products and Carrier AC units( different lenders), always with the understanding that if I missed a payment, it would all go to full 28% ( or whatever % rate). I try to pay with a week or more to spare, so as I said, I guess I've just lucked out not to have the full amount due because of a late payment.

    You can always just pay the whole thing off to avoid the finance charge if you get into this situation. Not so easy if it is a $27,000 machine!
    Last edited by Jean Sewing Machine; March 13, 2014, 08:27 AM.

    Leave a comment:


  • Cat n bull
    replied
    Re: Enabler Alert! Brother has 0% financing!

    Originally posted by Fabriclovr View Post
    Read the fine print. Miss or be late on one payment and the FREE stops and it won't be your fault.. Also beware, they change the due date on the financing every month. You can not pay on the date due, it will be late, you must pay your bill at least 5 days in advance of the date shown and they keep changing the date. READ you bill and the next date due, you will see it is not the same date every month. They are based on a 28 day cycle... Just Saying, BEWARE of GE CREDIT! Nasty company to get involved with, they are all roses and free financing now, but when you get all of the paperwork in the mail, READ, not good company to do business with. Any yes, I did finance a machine through them, this is how I know.
    I have had GE Home Designs for years, and have never had ANY of these issues. When you pay online, it IS your responsibility to understand the processing time. Some places have instant payment credited, some places have a few days wait. Just like if you pay by mail, it is YOUR responsibility to understand how long it will take to process your check. You agreed to have the payment CLEARED by the due date.

    This is not new, or unique to GE. This is the way ALL billing works! If you know this particular one has a 28 day billing cycle, then there are NO surprises.

    Of course everyone should read what they are signing and UNDERSTAND it before they take the money from the company.

    Leave a comment:


  • Fabriclovr
    replied
    Re: Enabler Alert! Brother has 0% financing!

    †Offer applies only to single-receipt qualifying purchases. Valid on purchases of Entrepreneur® Pro PR1000e, Quattro® 3 Trilogy Limited Edition Innov-ís 6750D, DreamCreator™ XE Innov-ís VM5100, DreamCreator™ Innov-ís VQ2400 and PE-DESIGN® NEXT, made at participating Authorized Brother Innov-ís Dealer locations between March 13, 2014 and March 22, 2014. No interest will be charged on promo purchase and equal monthly payments are required equal to 1/36 of initial promo purchase amount until promo is paid in full. The equal monthly payment will be rounded to the next highest whole dollar and may be higher than the minimum payment that would be required if the purchase was a non-promotional purchase. Regular account terms apply to non-promotional purchases. For new accounts: Purchase APR is 29.99%; Minimum Interest Charge is $2. Existing cardholders should see their credit card agreement for their applicable terms. Subject to credit approval. Prices set by dealers may vary. The Best Buy Seal and other licensed materials are registered certification marks and trademarks of Consumers Digest Communications, LLC, used under license. For award information, visit ConsumersDigest.com. Visit a participating Authorized Brother Innov-ís Dealer location or Brother International - At your side for all your Fax, Printer, MFC, Ptouch, Label printer, Sewing - Embroidery needs. for terms & conditions. ©2014 Brother International Corporation. All rights reserved. Brother Industries, Ltd., Nagoya, Japan.

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  • Cat n bull
    replied
    Re: Enabler Alert! Brother has 0% financing!

    Originally posted by Jean Sewing Machine View Post
    Your dealer can often get the 0% 6 month same as cash even if it isn't a promo run through the manufacturer.
    Oh, yes that's what my dealer does Jean!

    Leave a comment:

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